Mortgage Rates Knocking on 5% Ceiling

Home / Blog / Mortgage Rates Knocking on 5% Ceiling

Posted To: Mortgage Rate Watch

Mortgage rates are in bad shape . At some point in the past 3 days (depends on the lender), top tier 30yr fixed rate offerings hit their highest level in 5 years, then 7 years. For the first time since 2011, the most prevalent top tier rate is 4.875% (meaning a handful of lenders are at 4.75% or 5.0%). If this trajectory holds, the average lender would be at 5% next week. In order to make the past few days relevant for anyone who reads this, let's focus on the CHANGE between today's average rates and those seen less than a week ago. From Friday the 14th, the average 30yr fixed quote is an eighth of a percentage point higher (.125%). While we've seen moves that big in the past, with only 1 or 2 exceptions, we haven't seen anything like it in 2018. And when we consider that it takes rates to...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.



Source: http://www.mortgagen...

7a1f83fe 4dde 4d8b bf64 6dd9dd5b7ce9 5b5b704d 577d 46ce a74f 617010db6d34 a2022e72 71d7 40f7 b0bc 163335d867e2 8775928b aad2 4d85 a3a5 2761e868df56 423b8ff0 f091 435f 8add b1f19246ac8b 80ae86cc f9a3 493b 8fdc dee94737738c 166fc46e 6b36 4914 8a46 850064b997a8 2fef20fb 24d4 4370 bcc5 fe90ed6a39ea f8753a3f 4d5e 4cf0 ac83 f24f104f6e61 5a93e1a6 4b47 4d2e aef1 87727f3a066e 1877c92a 1829 439f bcaf c533df971f36 98a42af1 719d 4c33 b2a0 e0fce9da99db cb592792 01b0 485f 9538 8e99451bec67 f6b85bef d8e4 4def bfa4 e4a78754d768 0d45aaef fa32 434e ab53 86fade183a53 02317e50 9b4e 4d7d b972 4a081c8fb024 538d4e89 9761 4065 8dcc f1e9362b898f b70feb18 3237 4965 a130 30dbd0334bfe effccaae a0bf 49d9 ad7a 15579eac616f 87c69d75 1ecd 458d afca d710a6eba1b0 1b519118 8eee 4fac 8f4f cd22eb9717ca 1254d0df 5c23 461a a656 c1cbd0dfce01 3e69ee15 286b 4b70 8342 3790b2b25acc